NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) Sees Large Volume Increase – Here’s What Happened

NYLI Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI) shares saw unusually-strong trading volume on Wednesday . Approximately 784,854 shares were traded during mid-day trading, an increase of 270% from the previous session’s volume of 211,873 shares.The stock last traded at $31.48 and had previously closed at $31.60.

NYLI Hedge Multi-Strategy Tracker ETF Trading Down 0.3 %

The firm has a market capitalization of $570.33 million, a PE ratio of 14.66 and a beta of 0.31. The firm has a 50-day moving average of $32.25 and a two-hundred day moving average of $31.77.

Hedge Funds Weigh In On NYLI Hedge Multi-Strategy Tracker ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pitcairn Co. lifted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 46.9% in the third quarter. Pitcairn Co. now owns 1,602,027 shares of the company’s stock worth $51,393,000 after acquiring an additional 511,219 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in NYLI Hedge Multi-Strategy Tracker ETF by 332.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 758,377 shares of the company’s stock worth $23,532,000 after purchasing an additional 582,961 shares during the last quarter. Alaska Permanent Capital Management raised its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 1.1% in the 3rd quarter. Alaska Permanent Capital Management now owns 653,523 shares of the company’s stock valued at $20,953,000 after purchasing an additional 7,113 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.6% during the 3rd quarter. Captrust Financial Advisors now owns 576,385 shares of the company’s stock valued at $18,490,000 after buying an additional 14,356 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of NYLI Hedge Multi-Strategy Tracker ETF by 2.8% during the third quarter. Verdence Capital Advisors LLC now owns 292,667 shares of the company’s stock worth $9,389,000 after buying an additional 7,896 shares in the last quarter.

About NYLI Hedge Multi-Strategy Tracker ETF

The IQ Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund that is based on the IQ Hedge Multi-Strategy index. The fund tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs. QAI was launched on Mar 25, 2009 and is managed by IndexIQ.